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adoni [48]
3 years ago
9

Mains Corporation owns equipment with a cost of $290,000 and accumulated depreciation at December 31, 2014 of $150,000. It is es

timated that the machinery will generate future cash flows of $165,000. The machinery has a fair value of $115,000. Mains should recognize a loss on impairment of...(a)$0.(b)$15,000.(c)$25,000.(d)$35,000.
Business
1 answer:
Firlakuza [10]3 years ago
5 0

Answer:

(a)$0

Explanation:

Since the book value is less than the generated future cash flows so there would not be any loss on impairment of the asset

The book value is computed below

= Owns value - accumulated depreciation

= $290,000 - $150,000

= $140,000

The book value is $140,000 and the generated cash flows are $165,000. So, no value would be recognized

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Answer:

The statement is true

Explanation:

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Money supply is curbed by increasing short-term interest rates, thereby increasing cost of borrowing and making borrowing less attractive to public. This increase in short-term rates, also called Federal fund rates are usually greater than long-term interest rates prevailing in the market.

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3 years ago
If Jordan makes only the minimum monthly payments in March, April, and May, what will his balance be after he makes the minimum
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b. $988. 97 

Explanation:

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2 years ago
Burnley and Co., a graphic design firm, has offices in New York, Texas, California, New Mexico, and New Jersey. Each of these of
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Answer:

Emma Burnley has a wide span of control

Explanation:

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7 0
3 years ago
In considering ending her relationship with her husband, Marie considers how they might divide up their household goods, and how
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Answer:

D) investment

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6 0
3 years ago
The manager of a publishing company plans to give a $23,000 bonus to the top 12 percent, $10,000 to the next 25 percent, and $6,
I am Lyosha [343]

Answer:

total expected bonus = $1262800

Explanation:

given data

bonus = $23,000

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bonus =  $10,000

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bonus =  $6,000

Probability = 8 percent

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solution

first we get probability for bonus amount = $0

probability = 1 - ( 12% + 25% + 8 % )

probability =  0.55

so here Expected bonus per employee company will pay is

Expected bonus = $23000 × (0.12) + $10000 × (0.25) + $6000 × (0.08) + $0 (0.55)

Expected bonus = $5740

so total expected bonus is

total expected bonus = $5740  ×  220

total expected bonus = $1262800

8 0
3 years ago
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